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City Index vs CMC Markets 2019

Is City Index better than CMC Markets? After grading the best forex brokers on nearly 100 different variables, CMC Markets is better than City Index. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature City Index CMC Markets
Overall 4 4.5
City Index Review CMC Markets Review
72% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature City Index CMC Markets
Trust Score 93 99
Year Founded
1983 1989
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
3 4
Tier-2 Licenses
0 2
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature City Index CMC Markets
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index CMC Markets
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
84 180
CFDs - Total Offered
4500 9848
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4
Winner check_circle

Cost

Feature City Index CMC Markets
Average Spread EUR/USD - Standard
0.8 (Oct 19) 0.81 (as of Oct 19)
All-in Cost EUR/USD - Active
0.8 (Oct 19) 0.81 (as of Oct 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 5
Winner check_circle

Funding

Feature City Index CMC Markets
Minimum Initial Deposit
£50.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature City Index CMC Markets
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature City Index CMC Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 8
Charting - Indicators / Studies (Total)
139 79
Charting - Drawing Tools (Total)
25 24
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4.5
Winner check_circle

Mobile Trading

Feature City Index CMC Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
74 23
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes
Mobile Trading 4 4
Winner check_circle

Research

Feature City Index CMC Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4 4.5
Winner check_circle

Education

Feature City Index CMC Markets
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature City Index CMC Markets
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature City Index CMC Markets
City Index Review CMC Markets Review
Overall 4 4.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare City Index vs CMC Markets.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets's score is 5.00 stars versus City Index's 4.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. City Index and CMC Markets both are regulated in a major hub. City Index and CMC Markets are publicly traded companies. How many currency pairs are available to trade? City Index trails CMC Markets by 96 total currency pairs (for example, EUR/USD), with CMC Markets offering 180 and City Index offering 84.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. City Index and CMC Markets both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets trails City Index by 1 total charting tools, with City Index offering 25 and CMC Markets offering 24. City Index offers its clients access to 139 different indicators (for example, volume) while CMC Markets has 79 available indicators, a difference of 60.

City Index Review
CMC Markets Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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